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Microgrid Control System Market By Grid Type (On-Grid, Off-Grid), By Component Type (Hardware, Software), By Ownership Type (Private, Public), By Application (Industrial, Commercial, Utilities, Institutions, Others) – Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027

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Increasing government investments in microgrid

 projects coupled with growing adoption of renewable energy sources will boost the market.

The global microgrid control system market is growing proficiently, projected to grow at a CAGR of 12.0% during the expected period from 2019 to 2027, starting from US$ 2.61 Bn in 2018.

Increased concern for carbon emission, IoT advancements, and communication technologies are the major drivers of the global microgrid control system market. Apart from this, increased usage of microgrid systems in large power plants and the manufacturing industry are the major factors influencing the growth of the global microgrid control system market. Further, the rising clean energy projects and growing adoption of renewable energy sources worldwide are likely to enhance the global microgrid control system market. However, the high cost associated with the installation and maintenance of the microgrid control system could pose a serious threat to the growth of the global microgrid control system market. Due to this, small manufacturing companies are looking for a cost-effective solution for constant power supply. On the other hand, the high cost of microgrid control systems can easily be overcome by the immense advantages offered to consumers, such as reliable power supply, increased power generation capacity, an emphasis on renewable energy generation, and so forth.

Furthermore, the increased government investment in microgrid control systems is likely to increase the growth of the global microgrid control system market. Stringent schemes and initiatives concerning the capping of FiTs in the current industry scenario have obstructed microgrid deployments across European nations. However, the government has continuously focused on distributed power storage technologies in line with the provision of fund flow grants. In addition to the conventional measures across all the European countries, the EU Commission has imposed numerous governmental measures to support renewable integration, which will boost the microgrid control system market.

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Market Synopsis

Increasing electrification of rural and remote areas across the globe will drive the demand for microgrid control systems globally.

Grid-connected or grid-tied is a completely connected grid network installed to provide energy by the requirements of the corresponding end user. The distinct benefit of being a cost-effective solution among the available microgrid solutions has prompted most house owners and small-sized enterprises to prefer the grid-connected microgrid systems to cater to their respective power requirements. The presence of large-scale grid-tied microgrid networks in university campuses and the military and defense industry has led to an increased rate of adoption of control systems in the market. The upcoming developments toward the evolution of a connected environment have led to large-scale investment by manufacturers establishing a private power network in case of a breakdown in regular sources.

Regional Analysis

Dominance is led by rising investments in grid expansion coupled with rising demand for microgrid control systems to drive the Asia Pacific market growth.

Asia-Pacific accounted for a significant portion of the global market for microgrid control systems in 2018 and is expected to register strong growth during the forecast period as well, on the back of increasing investments in grid expansion projects by developing nations such as China and India to boost their distribution grid reliability. Among the countries in the region, China was the largest market for microgrid control systems in 2018. China has the highest installed power generation and distribution capacities, which in turn is resulting in huge demand for microgrid control systems.

The global microgrid control system market is characterized by a diverse group of regional and international manufacturers. The market for microgrid control systems is moderately fragmented. There is very minimal product differentiation which induces vendors to retain their market shares by pricing their products and services competitively. Additionally, established international vendors face intense competition from regional vendors, which provide customers with comparatively low-priced and customized products.

List of Companies Covered:

  • ABB
  • General Electric
  • Siemens
  • Eaton Corporation
  • Emerson
  • Schneider Electric
  • Spiral
  • Schweitzer Engineering Laboratories
  • Etap
  • S&C Electric Company
  • Woodward, Inc.
  • Powersecure, Inc.
  • Ontech Electric Corporation

Key Industry Development:

In January 2018, ABB received orders worth USD 40 million from the Indonesian government to strengthen the country’s power grid. It includes a consortium comprising Doosan Heavy Industries and PT Hutama Karya, a state-owned construction company, to upgrade and expand the Muara Tawar combined cycle power plant in West Java, Indonesia. The innovative project will add 650 MW of electricity to the national grid.

Historical & Forecast Period

This study report represents an analysis for each segment from 2017 to 2027, considering 2018 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Grid Type (2017–2027; US$ Bn)

  • On-Grid
  • Off-Grid

 Component Type (2017–2027; US$ Bn)

  • Hardware
  • Software

 Ownership Type (2017–2027; US$ Bn)

  • Private
  • Public

 Application (2017–2027; US$ Bn)

  • Industrial
  • Commercial
  • Utilities
  • Institutions
  • Others (Cities & Municipalities, Defence, etc.)

 Geography (2017–2027; US$ Bn)

  • North America (U.S., Canada)
  • Europe (U.K., Germany, Spain, Italy, Rest of Europe)
  • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
  • Rest of the World (Latin America, Middle East & Africa)

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The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities that give a better understanding of the overall microgrid control system market. The global report also comprises a graphical representation of the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Microgrid Control System (MCS) Market
2.2. Global MCS Market, by Grid Type, 2018 (US$ Bn)
2.3. Global MCS Market, by Component Type, 2018 (US$ Bn)
2.4. Global MCS Market, by Ownership Type, 2018 (US$ Bn)
2.5. Global MCS Market, by Application, 2018 (US$ Bn)
2.6. Global MCS Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global MCS Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Microgrid Control System Market, by Grid Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. On-Grid
4.3. Off-Grid

5. Global Microgrid Control System Market, by Component Type , 2017-2027 (US$ Bn)
5.1. Overview
5.2. Hardware
5.3. Software

6. Global Microgrid Control System Market, by Ownership Type , 2017-2027 (US$ Bn)
6.1. Overview
6.2. Private
6.3. Public

7. Global Microgrid Control System Market, by Application, 2017-2027 (US$ Bn)
7.1. Overview
7.2. Industrial
7.3. Commercial
7.4. Utilities
7.5. Institutions
7.6. Others (Cities & Municipalities, Defence, etc.)

8. North America Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. North America MCS Market Value and Growth, 2017-2027, (US$ Bn)
8.2. North America MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. North America MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. North America MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. North America MCS Market Value, By Application, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.6. North America MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.6.1. Market Analysis
8.6.2. U.S.
8.6.3. Rest of North America

9. Europe Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Europe MCS Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Europe MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Europe MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Europe MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Europe MCS Market Value, By Application, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.6. Europe MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.6.1. Market Analysis
9.6.2. U.K.
9.6.3. Germany
9.6.4. France
9.6.5. Rest of Europe

10. Asia Pacific Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Asia Pacific MCS Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Asia Pacific MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Asia Pacific MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Asia Pacific MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Asia Pacific MCS Market Value, By Application, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.6. Asia Pacific MCS Market Value, By Region/Country, 2017-2027 (US$ Bn)
10.6.1. Market Analysis
10.6.2. Japan
10.6.3. China
10.6.4. India
10.6.5. Rest of Asia Pacific

11. Rest of the World Microgrid Control System Market Analysis, 2017-2027 (US$ Bn)
11.1. Overview
11.1.1. Rest of the World MCS Market Value and Growth, 2017-2027, (US$ Bn)
11.2. Rest of the World MCS Market Value, By Grid Type, 2017-2027 (US$ Bn)
11.2.1. Market Analysis
11.3. Rest of the World MCS Market Value, By Component Type, 2017-2027 (US$ Bn)
11.3.1. Market Analysis
11.4. Rest of the World MCS Market Value, By Ownership Type, 2017-2027 (US$ Bn)
11.4.1. Market Analysis
11.5. Rest of the World MCS Market Value, By Application, 2017-2027 (US$ Bn)
11.5.1. Market Analysis
11.6. Rest of the World MCS Market Value, By Region, 2017-2027 (US$ Bn)
11.6.1. Market Analysis
11.6.2. Middle East & Africa
11.6.3. Latin America

12. Company Profiles
12.1. ABB
12.2. General Electric
12.3. Siemens
12.4. Eaton Corporation
12.5. Emerson
12.6. Schneider Electric
12.7. Spirae
12.8. Schweitzer Engineering Laboratories
12.9. Etap
12.10. S&C Electric Company
12.11. Woodward, Inc.
12.12. Powersecure, Inc.
12.13. Ontech Electric Corporation

List of Figures

FIG. 1 Global Microgrid Control System Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global MCS Market Segmentation
FIG. 4 Global MCS Market, by Grid Type, 2018 (US$ Bn)
FIG. 5 Global MCS Market, by Component Type, 2018 (US$ Bn)
FIG. 6 Global MCS Market, by Ownership Type, 2018 (US$ Bn)
FIG. 7 Global MCS Market, by Application, 2018 (US$ Bn)
FIG. 8 Global MCS Market, by Geography, 2018 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2018
FIG. 10 Global Market Positioning of Key MCS Market Players, 2018
FIG. 11 Global MCS Market Value Contribution, By Grid Type, 2018 & 2027 (Value %)
FIG. 12 Global MCS Market, by On-Grid, Value, 2017–2027 (US$ Bn)
FIG. 13 Global MCS Market, by Off-Grid, Value, 2017–2027 (US$ Bn)
FIG. 14 Global MCS Market Value Contribution, By Component Type, 2018 & 2027 (Value %)
FIG. 15 Global MCS Market, by Hardware, Value, 2017–2027 (US$ Bn)
FIG. 16 Global MCS Market, by Software, Value, 2017–2027 (US$ Bn)
FIG. 17 Global MCS Market Value Contribution, By Ownership Type, 2018 & 2027 (Value %)
FIG. 18 Global MCS Market, by Private, Value, 2017–2027 (US$ Bn)
FIG. 19 Global MCS Market, by Public, Value, 2017–2027 (US$ Bn)
FIG. 20 Global MCS Market Value Contribution, By Application, 2018 & 2027 (Value %)
FIG. 21 Global MCS Market, by Industrial, Value, 2017–2027 (US$ Bn)
FIG. 22 Global MCS Market, by Commercial, Value, 2017–2027 (US$ Bn)
FIG. 23 Global MCS Market, by Utilities, Value, 2017–2027 (US$ Bn)
FIG. 24 Global MCS Market, by Institutions, Value, 2017–2027 (US$ Bn)
FIG. 25 Global MCS Market, by Others (Cities & Municipalities, Defence, etc.), Value, 2017–2027 (US$ Bn)
FIG. 26 U.S. MCS Market, 2017–2027 (US$ Bn)
FIG. 27 Canada MCS Market, 2017–2027 (US$ Bn)
FIG. 28 U.K. MCS Market, 2017–2027 (US$ Bn)
FIG. 29 Germany MCS Market, 2017–2027 (US$ Bn)
FIG. 30 France MCS Market, 2017–2027 (US$ Bn)
FIG. 31 Italy MCS Market, 2017–2027 (US$ Bn)
FIG. 32 Rest of Europe MCS Market, 2017–2027 (US$ Bn)
FIG. 33 Japan MCS Market, 2017–2027 (US$ Bn)
FIG. 34 China MCS Market, 2017–2027 (US$ Bn)
FIG. 35 India MCS Market, 2017–2027 (US$ Bn)
FIG. 36 Rest of Asia Pacific MCS Market, 2017–2027 (US$ Bn)
FIG. 37 Middle East & Africa MCS Market, 2017–2027 (US$ Bn)
FIG. 38 Latin America MCS Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Microgrid Control System Market
TABLE 2 Global MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 3 Global MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 4 Global MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 5 Global MCS Market, by Application, 2018 (US$ Bn)
TABLE 6 Global MCS Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 8 North America MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 9 North America MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 10 North America MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 11 North America MCS Market, by Country, 2017–2027 (US$ Bn)
TABLE 12 Europe MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 13 Europe MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 14 Europe MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 15 Europe MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 16 Europe MCS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 18 Asia Pacific MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 19 Asia Pacific MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 20 Asia Pacific MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 21 Asia Pacific MCS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 22 RoW MCS Market, by Grid Type, 2017–2027 (US$ Bn)
TABLE 23 RoW MCS Market, by Component Type, 2017–2027 (US$ Bn)
TABLE 24 RoW MCS Market, by Ownership Type, 2017–2027 (US$ Bn)
TABLE 25 RoW MCS Market, by Application, 2017–2027 (US$ Bn)
TABLE 26 RoW MCS Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 27 ABB: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 28 General Electric: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 29 Siemens: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 30 Eaton Corporation: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 31 Emerson: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 32 Schneider Electric: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 33 Spirae: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 34 Schweitzer Engineering Laboratories: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 35 Etap: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 36 S&C Electric Company: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 37 Woodward, Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 38 Powersecure, Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 39 Ontech Electric Corporation: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments

Frequently Asked Questions:

What is the size of Microgrid Control System Market?

The market for Microgrid Control System is expected to reach US$ XX Bn in 2028.

What is the Microgrid Control System Market CAGR?

The Microgrid Control System market is expected to see significant CAGR growth over the coming years, at 12.0%.

What is the Forecast period considered for Microgrid Control System Market?

The report is forecasted from 2019-2027.

What is the base year considered for Microgrid Control System Market?

The base year of this report is 2021.

Who are the major players in this market?

ABB, General Electric, Siemens, Eaton Corporation, Emerson, Schneider Electric, Spirae, Schweitzer Engineering Laboratories, Etap, S&C Electric Company, Woodward, Inc., Powersecure, Inc. are some of the major players in the global market.

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